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Corporate Office Properties Trust
OFC announced that subsequent to the first quarter 2012, it sold two buildings and land in Rockville, MD, for net proceeds after closing costs and adjustments of approximately $48.7 million. The buildings, known as Rockville Corporate Center, totaled approximately 222,000 square feet and were 100% leased at the time of sale. The buildings were constructed in the late 1980s.
Since the beginning of 2012, COPT has sold a total of $116.9 million of properties and adjacent land containing approximately 537,000 operational square feet, realizing net proceeds of $109.7 million.
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